They won't take care of the property.

@Cal Rohrman - You can legitimately rent things like washer/dryers to SEC8 tenants, but be careful.

After securing bank financing you can deed it back to the LLC, just give it at least 90 days under the new loan, most banks don't seem to care after that.

I guess that's what needs to be decided...if it's a fee it's not refundableSo what's the point of the move in fee, the tenant then trashes the place doesn't care how it's left.. he only gets charged 350.00 and can leave a mess.... sounds like a mess..

Take care !

Your family will never manage it the way you would want, certainly not with your level of concern, care and urgency.  

My word of caution would be to approach carefully and make sure you can hit your financial targets prior to approaching the business this way.  

I think people who take care of business will provide full disclosure, because for them full disclosure is a selling point.

This is something that I have grown increasingly aware of and believe in; that there will always be unknowns for your first deal, there will always be reasons why you "shouldn't yet", and I just feel as though I've almost gotten myself to a tipping point of just pulling the trigger (obviously once I've run the numbers and believe I've found a good deal).

We are looking for advice on other things we can do to promote the house or maybe some tips for this upcoming open house?